Binary Options Trader Insight February 5th 2016

Binary Options Trader Insight February 5th 2016



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Binary Options Trader Insight February 5th 2016

Finally some positive movement for the Dollar further to a dominant day for the British Pound. This shows potential for today’s NFP this afternoon as traders expect the Greenback to gain considerably against counterparts.

The NFP is arguably the most important event of the financial calendar. As such, ensure you trade sensibly and do your research on events this week that will give clues on a likely outcome. The day has started with Aussie data which is providing current opportunities.

Expectations further to the preliminary data being positive earlier this week are for Dollar gain. Keep in mind that even though prelim data was positive, the Dollar dropped in value. This is unlikely to repeat itself today and trading with the US Dollar appears the best option for successful trades.

Daily settings are provided for our trading Software. OptionBot 2.0 users can use the same settings with timeframes as near as possible to those suggested.

So, Our recommended software settings for today are as follows:

Turn ON the US Dollar paired with the Kiwi and Aussie Dollars. Set to 15 Minutes and 10PIPs. Use early Aussie data releases for early trade options.

Turn ON the US Dollar paired with ALL other currencies.. Set to 20 minutes and 10PIPs. US Dollar gain is expected but be very aware that previous Dollar events this week have produced surprises.

The NFP is the highest impact event of the month. Based on this week’s movement, today holds solid opportunities for traders.

Binary Options Trader Insight February 5th 2016

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